A corporation must elect to be treated as an S corporation by filing Form 2553 before or by the 15th day of the third month of its first effective tax year. The IRS can and often does allow late election for "reasonable cause," which can include not knowing about or understanding the election requirements. All shareholders must consent in writing to the retroactive election and amend their returns if necessary to reflect the change.
There are four ways to get out of an IRS wage garnishment. Negotiate a resolution, prove undue hardship, file an appeal, or of course you could always pay your owed taxes!
An S-Corp will need to fill out a W-9 form if another company is requesting the form to make payment to the company. The W-9 form provides the S-Corp legal name, address, and tax id number for tax purposes.
yes
An S-Corp is exempt from backup withholding on a W9 form. The backup withholding box on the W9 form is required for individual taxpayers and not businesses or corporations.
probably not - but with 400000 you are allowed to pay cash instead of borrow money from nasty bank!
Yes, unless they are an employee or 100% owner of an S corp (considered an employee by the IRS). Then it's a W2.
== == A partnership can not own an S corporation. It is not a person, and does not qualify as a Q-Sub trust. The references as to who can own a S corporation can be found at the following government web address: http://edocket.access.gpo.gov/cfr_2006/aprqtr/pdf/26cfr1.1361-1.pdf
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
A s-corp is a designation assigned by filing special forms with the IRS. Its a corporation, taxed like a partnership. Thus no liability for officers.
An S Corp is dissolved by filing a certificate of dissolution with the Nevada agency where the Corp is registered. Once the paperwork is filed, the S Corp is considered dissolved.
MedCath Corp.'s population is 30.
Norfolk Southern Corp.'s population is 30,709.
PAETEC Holding Corp.'s population is 2,010.
VG Holding Corp.'s population is 2,007.
in the US, you want an s corp if you want more personal investment in the company. c corp is more limited liability. also for s corp there is no corporate tax rate (it's the same as your personal rate) but for c corp you pay the corporate tax rate.
The population of DDR Corp. is 682.
The population of Mizuno Corp. is 5,808.